RBI says its balance sheet increases by 11.08% YoY in FY24
RBI’s income increased 17.04% Y-o-Y to Rs 2.75 trillion. The increase was mainly due to profit from foreign exchange sales.
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Government’s thrust on capex, fiscal consolidation paint bright picture for Indian economy: RBI
he outlook for the Indian economy remains bright, backed by a sustained strengthening of various macroeconomic fundamentals, robust financial and corporate sectors, said Reserve Bank of India in its annual report published on Thursday.
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Ahead of poll results, S&P Global raises India outlook to positive
Irrespective of the election results it expects the incoming government to carry on economic reforms to support the growth vigour, continued infrastructure investment drive, and commitment to fiscal consolidation.
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Fiscal deficit may fall below revised estimate of 5.8%
The Indian government’s fiscal deficit could be slightly lower than revised estimates of 5.8% of GDP due to robust revenues and lower subsidy outgo. Tax revenues could exceed the revised estimate by ₹27,000 crore. The fiscal deficit in absolute terms…
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ADB commits USD 2.6 billion in sovereign lending to India
Asian Development Bank (ADB) committed USD 2.6 billion (about Rs 21,500 crore) in sovereign lending to India in 2023 for various projects. The fund is aimed to strengthen urban development, support industrial corridor development, promote power sector reforms, build India’s…
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Work overnight for FPI tax papers: Sebi tells big four firms
At a meeting on Tuesday, the Indian capital market regulator has told the accounting biggies in no uncertain terms to generate the mandatory ‘confirmation certificate’ overnight so that offshore funds managers can repatriate the money from the sale of stocks…
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